Common use of Initial Conditions Precedent Clause in Contracts

Initial Conditions Precedent. The obligations of the Lenders to make the Loans comprising the initial Borrowing are subject to the satisfaction of the conditions set forth on Schedule 3.01 and receipt by the Administrative Agent, on or prior to the Closing Date, of each item listed on Schedule 3.01, each in form and substance satisfactory to the Administrative Agent and each Lender, and with sufficient copies for, the Administrative Agent and each Lender.

Appears in 3 contracts

Sources: Credit Agreement (American Commercial Lines Inc.), Credit Agreement (Netflix Inc), Credit Agreement (American Commercial Lines Inc.)

Initial Conditions Precedent. The obligations of the applicable Lenders to make the Loans comprising the initial Borrowing are subject to the satisfaction of the conditions set forth on Schedule 3.01 and receipt by the Administrative Agent, on or prior to the Closing Date, of each item listed on in Schedule 3.01, each in form and substance satisfactory to the Administrative Agent and each Lender, and with sufficient copies for, the Administrative Agent and each Lender.

Appears in 3 contracts

Sources: Credit Agreement (Flextronics International LTD), Credit Agreement (Flextronics International LTD), Credit Agreement (Flextronics International LTD)

Initial Conditions Precedent. The obligations of the Lenders to make the Loans comprising the initial Borrowing are subject to the satisfaction or waiver of the conditions set forth on Schedule 3.01 and receipt (or waiver of receipt) by the Administrative Agent, on or prior to the Closing Date, of each item listed on Schedule 3.01, each in form and substance satisfactory to the Administrative Agent and each Lender, and with sufficient copies for, the Administrative Agent and each Lender.

Appears in 2 contracts

Sources: Credit Agreement (Valueclick Inc/Ca), Credit Agreement (Valueclick Inc/Ca)

Initial Conditions Precedent. The obligations of the Lenders to make the Loans comprising the initial Revolving Loan Borrowing are subject to the satisfaction of the conditions set forth on Schedule 3.01 and receipt by the Administrative Agent, on or prior to the Closing Date, of each item listed on Schedule 3.01, each in form and substance satisfactory to the Administrative Agent and each Lender, and with sufficient copies for, for the Administrative Agent and each Lenderbenefit of the Lenders.

Appears in 2 contracts

Sources: Credit Agreement (Genius Products Inc), Credit Agreement (Genius Products Inc)

Initial Conditions Precedent. The obligations of the Lenders to make the Loans comprising the initial Borrowing Borrowings are subject to the satisfaction or waiver of the conditions set forth on Schedule 3.01 and receipt by the Administrative Agent, on or prior to the Closing Date, of each item listed on Schedule 3.01, each in form and substance satisfactory to the Administrative Agent and each Lender, and with sufficient copies for, for the Administrative Agent and and, where noted, each Lender.

Appears in 1 contract

Sources: Credit Agreement (Smile Brands Group Inc.)

Initial Conditions Precedent. The obligations of the Lenders to make the Loans comprising the initial Borrowing are subject to the satisfaction or waiver of the conditions set forth on Schedule 3.01 and receipt (or waiver of receipt) by the Administrative Agent, on or prior to the Closing Second Restatement Effective Date, of each item listed on Schedule 3.01, each in form and substance satisfactory to the Administrative Agent and each Lender, and with sufficient copies for, the Administrative Agent and each Lender.

Appears in 1 contract

Sources: Credit Agreement (Valueclick Inc/Ca)

Initial Conditions Precedent. The obligations of the Lenders to make the Loans comprising the initial Borrowing are subject to the satisfaction of the conditions set forth on Schedule 3.01 and receipt by the Administrative AgentAgent (with sufficient copies for Administrative Agent and each Lender), on or prior to the Closing Date, of each item listed in Schedule 3.1 and the other conditions set forth on Schedule 3.013.1 have been satisfied, each in form and substance satisfactory to the Administrative Agent and each Lender, and with sufficient copies for, the Administrative Agent and each Lender.

Appears in 1 contract

Sources: Credit Agreement (Veritas Software Corp /De/)

Initial Conditions Precedent. The obligations of the Lenders to ---------------------------- make the Loans comprising the initial Borrowing are subject to the satisfaction of the conditions set forth on Schedule 3.01 and receipt by the Administrative Agent, on or prior to the Closing Date, of each item listed on in Schedule 3.01, each in ------------- form and substance satisfactory to the Administrative Agent and each Lender, and with sufficient copies for, the Administrative Agent and each Lender. Agent shall notify Borrower and Lenders upon Agent's receipt of such items.

Appears in 1 contract

Sources: Credit Agreement (Acuson Corp)

Initial Conditions Precedent. The effectiveness of this Agreement and the obligations of the Lenders to make the Loans comprising the initial Borrowing are subject to the satisfaction or waiver of the conditions set forth on Schedule 3.01 and receipt by the Administrative Agent, on or prior to the Closing Date, of each item listed on Schedule 3.01, each in form and substance satisfactory to the Administrative Agent and each Lender, and with sufficient copies for, the Administrative Agent and each Lender.

Appears in 1 contract

Sources: Credit Agreement (IPC the Hospitalist Company, Inc.)

Initial Conditions Precedent. The obligations of the Lenders to make the Loans comprising the initial Borrowing are subject to the satisfaction of the conditions set forth on Schedule 3.01 and receipt by the Administrative Agent, on or prior to the Closing Date, of each item listed on Schedule 3.01, each in form and substance reasonably satisfactory to the Administrative Agent and each Lender, and with sufficient copies for, the Administrative Agent and each Lender.

Appears in 1 contract

Sources: Credit Agreement (Shuffle Master Inc)

Initial Conditions Precedent. The obligations of the Lenders to make the Loans comprising the initial Borrowing are subject to the satisfaction of the conditions set forth on Schedule 3.01 and receipt by the Administrative Agent, on or prior to the Closing Date, of each item listed on in Schedule 3.01, each in form and substance satisfactory to the Administrative Agent and each Lender, and with sufficient copies for, the Administrative Agent and each Lender.

Appears in 1 contract

Sources: Credit Agreement (Adobe Systems Inc)

Initial Conditions Precedent. The obligations of the Lenders to make the Loans comprising the initial Borrowing are subject to the satisfaction or waiver of the conditions set forth on Schedule 3.01 and receipt by the Administrative Agent, on or prior to the Closing Date, of each item listed on Schedule 3.01, each in form and substance satisfactory to the Administrative Agent and each Lender, and with sufficient copies for, the Administrative Agent and each Lender.

Appears in 1 contract

Sources: Credit Agreement (Monarch Casino & Resort Inc)